10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

þ  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2010

o  TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE EXCHANGE ACT

For the transition period from _________ to _________

Commission File Number: 000-52044

MAGNUM OIL INC.

(Name of Small Business Issuer in its charter)

Nevada	26-2940624
(state or other jurisdiction of incorporation or organization)	(I.R.S. Employer I.D. No.)

E-2-14 Block E, Plaza Damas

Jalan Hartamas 1, Sri Hartamas

Kuala Lumpur, Malaysia

(Address of principal executive offices)

(603) 525-3380

Issuer’s telephone number

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was require to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   þ   No   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer  o     Accelerated filer  o     Non-accelerated filer  o     Smaller reporting company  þ

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes  o     No  þ

APPLICABLE ONLY TO CORPORATE ISSUERS

As of January 18, 2011 the registrant had 48,400,000 shares of common stock outstanding.

MAGNUM OIL INC.

Table of Contents

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PART I - FINANCIAL INFORMATION		3
	Item 1.  Financia l Statements	3
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	5
	Item 3.  Quantitative and Qualitative Disclosures About Market Risk	6
Item 4 Controls and Procedures	6
PART II – OTHER INFORMATION		6
	Item 1.  Legal Proceedings	6
	Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds	6
	Item 3.  Defaults Upon Senior Securities	7
	Item 4.  Submission of Matters to a Vote of Security Holders	7
	Item 5.  Other Information	7
	Item 6.  Exhibits	7
	SIGNATURES	8

2

PART I - FINANCIAL INFORMATION

Safe Harbor Statement

This report on Form 10-Q contains certain forward-looking statements.  All statements other than statements of historical fact are “forward-looking statements” for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by th e forward-looking statements.

These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs, and risk of declining revenues.  Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors.  These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements.  The following discusses our financial condition and results of operations based upon our financial statements which have been prepared in conformity with accounting principles generally accepted in the United States.  It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein.

Item 1.  Financial Statements

The unaudited interim financial statements of Magnum Oil Inc. (the “Company”, “Magnum Oil”, “we”, “our”, “us”) follow.  All currency references in this report are in U.S. dollars unless otherwise noted.

The accompanying Financial Statements of Magnum Oil Inc. should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended February 28, 2010.  Significant accounting policies disclosed therein have not changed except as noted below.

3

PTM PUBLICATIONS INCORPORATED

(A Development Stage Company)

Unaudited

(Express in U.S. Dollars)

November 30, 2010

Unaudited Consolidated Balance Sheets	F-1
Unaudited Consolidated Statements of Operations	F-2
Unaudited Consolidated Statement of Stockholders’ Deficit	F-4
Unaudited Consolidated Statements of Cash Flows	F-5
Unaudited Consolidated Notes to the Financial Statements	F-6

4

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MAGNUM OIL, INC.
(Formerly PTM PUBLICATIONS INCORPORATED)
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS
Unaudited
			November 30, 2010		February 28, 2010
					(Audited)
ASSETS
CURRENT ASSETS
Cash		$	-	$	2,255
Prepaid Expenses	2,680		-
TOTAL ASSETS		$	2,680	$	2,255
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT  LIABILITIES
Cash Overdrawn	$	475	$	-
Accounts payable and accrued liabilities			17,828		91,167
Loans from Related Party			61,934		16,981
TOTAL CURRENT LIABILITIES		$	80,237	$	108,148
STOCKHOLDERS'  EQUITY ( DEFICIT )
Capital stock
Authorized
50,000,000 shares of common stock, $0.001 par value,
Issued and outstanding
48,400,000 shares of common stock		$	48,400	$	48,400
Additional Paid in Capital			16,600		16,600
Deficit accumulated during the development stage			(145,144)		(173,588)
Foreign currency translation adjustments			2,588		2,695
TOTAL STOCKHOLDER'S EQUITY/(DEFICIT)	;	$	(77,556)	$	(105,893)
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY/(DEFICIT)		$	2,680	$	2,255

The accompanying notes are an integral part of these financial statements.

F-1

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MAGNUM OIL, INC.
(Formerly PTM PUBLICATIONS INCORPORATED)
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited
		3 months					3 months			9 months			9 months		Cumulative Results From Inception
			Ended			Ended			Ended			Ended			(December 13, 2005) to
			November 30, 2010			November 30, 2009			November 30, 2010			November 30, 2009			November 30, 2010
REVENUE
Revenues	$		-	$		-		$	-		$	-		$	19,295
Total Revenues			-			-			-			-			19,295
EXPENSES
Office and general			4,302			12,088			17,931			12,088			158,727
Professional Fees			7,224			8,941			34,350			8,941			86,437
Total Expenses		11,526			21,029			52,281			21,029			245,164
Operating loss			(11,526)			(21,029)			(52,281)			(21,029)			(245,164)
Other income (loss)
Forgiveness of Debt			-			-			80,725			-			80,725
Total other income			-			-			80,725			-			80,725
NET INCOME ( LOSS)	$		(11,526)	$		(21,029)		$	28,444		$	(21,029)		$	(145,144)
BASIC AND DILUTED LOSS PER COMMON SHARE		$	-		$		-	$		-	$		-
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		$	48,400,000		$		48,400,000	$		48,400,000	$		48,400,000

The acco mpanying notes are an integral part of these financial statements.

F-2

MAGNUM OIL, INC.
(Formerly PTM PUBLICATIONS INCORPORATED)
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
From inception (December 13, 2005) to November 30, 2010
Unaudited
							Deficit
	Common Stock						Accumulated		Accumulated
					Additional		During the		Other
	Number of				Paid-in		Development		Compreh ensive
	shares		Amount		Capital		Stage		Income(loss)		Total
Common stock issued for cash at $0.001
per share on December 14, 2005	22,000,000	$	22,000	$	(17,000)	$	-	$	-	$	5,000
Net loss, February 28, 2006							(983)				(983)
Foreign currency translation adjustments									34		34
Balance, February 28, 2006	22,000,000	$	22,000	$	(17,000)	$	(983)	$	34 < /td>	$	4,051
Stock issued for cash during the quarter
August 31, 2006 @$0.0227 per share	26,400,000		26,400		33,600						60,000
Net loss, February 28, 2007							-				-
Foreign currency translation adjustments									2,683		2,683
Balance, February 28, 2007	48,400,000	$	48,400	$	16,600	$	(983)	$	2,717	$	66,734
Net loss, February 28, 2008							(52,058)				(52,058)
Foreign currency translation adjustments									350		350
Balance, February 28, 2008	48,400,000	$	48,400	$	16,600	$	(53,041)	$	3,067	$	15,026
Net loss, February 28, 2009							(75,309)				(75,309)
Foreign currency translation adjustments									5,988		5,988
Balance, February 28, 2009	48,400,000	$	48,400	$	16,600	$	(128,350)	$	9,055	$	(54,295)
Net loss, February 28, 2010							(45,238)				(45,238)
Foreign currency translation adjustments									(6,360)		(6,360)
Balance, February 28, 2010	48,400,000	$	48,400	$	16,600	$	(173,588)	$	2,695	$	(105,893)
Net Income, November 30, 2010							28,444				30,444
						;
Foreign currency translation adjustments									(107)		(107)
Balance, November 30, 2010	48,400,000	$	48,400	$	16,600	$	(145,144)	$	2,588	$	(77,557)

The accompanying notes are an integral part of these financial sta tements.

F-3

MAGNUM OIL, INC.
(Formerly PTM PUBLICATIONS INCORPORATED)
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Unaudited
				9 Months		9 Months		December 13, 2005
				Ended		Ended		(Date of Inception) to
				November 30, 2010		November 30, 2009		November 30, 2010
OPERATING ACTIVITIES
	Net income (loss)		$	28,444	$	(21,029)	$	(145,144)
	Adjustment to reconcile net loss to net cash
	used in operating activities
	Depreciation			-		389		2,826
	Loss on Disposition of Assets			-				4,608
	Increase in Prepaid Expenses			(2,680)		-		(2,680)
	Forgiveness of Debt			(80,725)		-		(80,725)
	Foreign currency translation loss			(107)		(6,586)		3,286
	Increase (decrease) in accrued expenses			5,854		12,505		99,021
	Loan Payable - Related Party			44,484		12,004		61,464
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
			$	(2,730)	$	(2,716)	$	(57,344)
INVESTING ACTIVITIES
	Purchase of fixed assets	< /td>		-		(180)		(11,468)
	Disposition of fixed assets			-		-		3,337
NET CASH PROVIDED BY INVESTING ACTIVITIES
			$	-	$	(180)	$	(8,131)
FINANCING ACTIVITIES
;	Cash Overdrawn			475		-		475
	Proceeds from sale of common stock			-		-		2,200
	Additional paid-in capital			-		-		62,800
NET CASH PROVIDED BY FINANCING ACTIVITIES
			$	475	$	-	$	65,475
NET INCREASE ( DECREASE) IN CASH			$	(2,255)	$	(2,896)	$	-
CASH, BEGINNING OF PERIOD			$	2,255	$	3,068	$	-
CASH, END OF PERIOD			$		$	172	$	-
Supplemental cash flow information and noncash financing activities:
Cash paid for:
	Interest		$	-	$	-	$	-
	Income taxes		$	-	$	-	$	-

The accompanying notes are an integral part of these financial statements.

F-4

MAGNUM OIL, INC.

(A Development Stage Enterprise)

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

November 30, 2010

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

Magnum Oil, Inc. (Formerly PTM Publications Incorporated) (the “Company”) was incorporated under the laws of the State of Nevada on December 13, 2005.  The Company is in the development stage.  Its activities to date have included capital formation, organization and development of its business plan.  The Company has commenced operations.  On July 15, 2010 the company changed its name to Magnum Oil Inc.

The Company operated through its lone subsidiary: PTM Publicatio ns Sdn Bhd, a Malaysian Corporation.

The Company decided to cease the operation of subsidiary in January 2010.

Magnum Oil, Inc. (the parent company) is now a holding company

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

The Company’s financial statements are prepared using the accrual method of accounting.  The Company has elected a February year-end.

Basic Earnings per Share

The Company computes earnings (loss) per share in accordance with Accounting Stan dards Codification (“ASC”) 260, Earnings per Share.  ASC 260 specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.  The Company has adopted the provisions of ASC 260 effective December 13, 2005 (inception).

Basic earnings (loss) per share amounts are computed by dividing the net income (loss) by the weighted average number of common shares outstanding.  Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.

Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Use of Estimates and Assumptions

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Stock-Based Compensation

The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Based Compensation, using the fair value method.  All transactions in which goods or services are the consideration received for the issuance of equity ins truments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.  Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued.

F-5

MAGNUM OIL, INC.

(A Development Stage Enterprise)

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

November 30, 2010

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Net Loss per Share

Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period.  Dilutive loss per share reflects the potential dilution of sec urities that could share in the losses of the Company.  Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.

Recent Accounting Pronouncements

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

NOTE 3 - GOING CONCERN

The accompanying financial statements are presented on a going concern basis.  The Company had limited operations during the period from December 13, 2005 (inception) to November 30, 2010 and generated a net loss of $145,144.  This condition raises substantial doubt about the Company 6;s ability to continue as a going concern.  Because the Company is currently in the development stage and has minimal expenses, management believes that the company’s current cash overdraft of $475 will not be sufficient to cover the expenses they will incur during the next twelve months and that they will need  developing operations and may need to raise additional funding to continue operations.

Management plans to raise additional funds through debt or equity offerings.  There is no guarantee that the Company will be able to raise any capital through this or any other offerings.

NOTE 4 - WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of common.

NOTE 5 - RELATED PARTY TRANSACTIONS

As of November 30, 2010, there is a total of $61,934 that has been forwarded by an officer of the Company of which $23,480 is interest free and payable on demand and a related party loaned $38,454 at 5% interest which is repayable on June 7, 2011

On August 23, 2010 the former directors of the company forgave a loan of $80,725, which was owed to them by the Company.

NOTE 6 - INCOME TAXES

Deferred tax assets:		November 30, 2010
Net operating loss carryforwards	$	145,144
Gross deferred tax assets	$	50,100
Valuation allowance	$	(50,100)
Net deferred tax assets	$	0

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income.  As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

F-6

             & nbsp;  

MAGNUM OIL, INC.

(A Development Stage Enterprise)

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

November 30, 2010

NOTE 7 - NET OPERATING LOSSES

As of November 30, 2010, the Company has a net operating loss carryforwards of approximately $145,144 Net operating loss carryforward expires twenty years from the date the loss was incurred.

NOTE 8 – STOCK TRANSACTIONS

Transactions, other than employees’ stock issuance, are in accordance with ASC 505.  Thus issuances shall be accounted for based on the fair value of the consideration received.  Transactions with employees’ stock issuance are in accordance with ASC 718.  These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, or whichever is more readily determinable.

In August 2006, the company completed an offering of shares of common stock in accordance with an SB-2 registration statement declared effective by the Securities and Exchange Commission on May 4, 2006.  The company sold 26,400,000 shares of common stock, par value $0.001, at a price of $0.0227 p er share to approximately 32 investors.  The aggregate offering price for the offering closed in August 2006 was $60,000, all of which was collected from the offering.

As of November 30, 2010 the Company had 48,400,000 shares of common stock issued and outstanding.

On May 23, 2010 the company received approval from FINRA for a forward split of common share of 22:1.  All share amounts have been retroactively adjusted for all periods presented.

NOTE 9 - STOCKHOLDERS’ EQUITY

The stockholders’ equity section of the Company contains the following classes of capital stock as of November 30, 2010: Common stock, $ 0.001 par value: 50,000,000 shares authorized; 48,400,000 shares issued and outstanding.

NOTE 10 - SUBSEQUENT EVENTS

In accordance with ASC 855, Subsequent Events, the Company has evaluated subsequent events through the date of issuance of the unaudited consolidated financial statements.

F-7

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

This section of this report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance.  Forward looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions or words which, by their nature, refer to future events.  You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report.  These forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

Results of Operations

Our financial statements and information for the three and nine months ended November 30, 2010 have been prepared by our Management on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.  We generated no revenues during the three and nine months ended November 30, 2010 and have incurred total net losses of $145,144 from inception to November 30, 2010.  

Three months Ended November 30, 2010 compared to the Three months Ended November 30, 2009

We incurred net losses of $11,526, or $0.00 per share, for the three-month period ended November 30, 2010, as compared to net losses of $21,029, or $0.00 per share, for the three-month period ended November 30, 2009.  The decrease was mainly attributed to decreases in office and general expenses ($4,302 - 2010 compared to $12,088 - 2009.  Our other expenses for the three-month period ended November 30, 2010 consisted of professional fees in the amount of $7,224 ($8,941 - 2009). 

Nine months Ended November 30, 2010 compared to the Nine months Ended November 30, 2009

We earned net incomeof $28,444, or $0.00 per share, for the nine-month period ended November 30, 2010, as compared to net losses of $21,029, or $0.00 per share, for the nine-month period ended November 30, 2009.  The income we earned was attributed to forgiveness of debt in the amount of $80,725.  Our total expenses increased from $21,029 in 2009 to $52,281 in 2010.  This was mainly due to increased professional fees ($32,350 - 2010 compared to $8,941 - 2009.  Our other expenses for the nine-month period ended November 30, 2010 consisted of office and general expenses of $17,931 ($12,088 – 2009).

Liquidity and Capital Resources

At November 30, 2010, we had total assets of $2,680 consisting of prepaid expenses.

Our accounts payable at November 30, 2010 were $17,828.  In addition, we have an outstanding loan payment due to an officer, director and shareholder of the Company in the amount of $61,934.  This loan balance is non-interest bearing, unsecured and has no fixed terms of repayment. We also have a few other loans with investors which bear simple interest of 5% per year and are due one y ear from the date of the loans.

There are currently no options, warrants, rights or other securities conversion rights issued and/or outstanding.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Inflation

The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position.  The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

5

  & nbsp;          

Item 3.  Quantitative And Qualitative Disclosures Of Market Risk

We are a non-accelerated filer and a smaller reporting company, as defined in Rule 12b-2 of the of the Securities Exchange Act of 1934, and as such, are not required to provide the information under this item.

Item 4.  Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our sole officer, as appropriate to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our sole officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of November 30, 2010.  Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses in our internal control over financial reporting identified in our Annual Report on Form 10-K for t he year ended February 28, 2010, the sole officer concluded that our disclosure controls and procedures are ineffective.

Changes in internal controls

We have not yet implemented any of the recommended changes to internal control over financial reporting listed in our Annual Report on Form 10-K for the year ended February 28, 2010.  As such, there were no changes in our internal control over financial reporting, as defined in Rule 13a-15(f) promulgated under the Exchange Act, during the quarter ended November 30, 2010 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Item 4T.  Controls and Procedures

Not applicable.

PART II – OTHER INFORMATION

Item 1.  Legal Proceedings

Not applicable.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

None.

6

Item 3.  Defaults Upon Senior Securities

None.

Item 4.  Submission of Matters to a Vote of Security Holders

None.

Item 5.  Other Information

Non e.

Item 6.  Exhibits

Exhibit Number	Description
31.1	Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

7

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the u ndersigned, thereunto duly authorized.

	MAGNUM OIL INC.
Date:  January 19, 2011	By: /s/ Patrick DeBlois
	Patrick DeBlois
	President, Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer, Secretary, Treasurer and Director

8

EX-31.1

CERTIFICATIONS

I, Patrick DeBlois, certify that;

(1)	I have reviewed this Quarterly Report on Form 10-Q of Magnum Oil Inc.;
(2)	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
(3)	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all m aterial respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
(4)	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f) and 15d-15(f) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's m ost recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

(5)       I have disclosed, based on my most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  January 19, 2011

	/s/ Patrick DeBlois
By:	Patrick DeBlois
Title:	Chief Executive Officer and
	Chief Financial Officer

< p style=MARGIN:0px>

EX-32.1

CERTIFICATION OF

CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Patrick DeBlois, the Chief Executive Officer and Chief Financial Officer of Magnum Oil Inc. (the “Company”), hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(i)       < /p>	the Quarterly Report on Form 10-Q of the Company, for the fiscal quarter ended November 30, 2010, and to which this certification is attached as Exhibit 32.1 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(ii)	the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Patrick DeBlois
Name:	Patrick DeBlois
Title:	Chief Executive Officer and
	Chief Financial Officer
Date:	January 19, 2011